Illegal activities of money lenders

Hyderabad and other poverty-stricken areas of Andhra Pradesh are now in the clutches of high interest charging money lenders.

Citizens of the Old City and industrial areas like Musheerabad, Azamabad, Sanathnagar, Katedhan, Kukatpally, and Patancheruvu are living in state of terror due to the illegal and violent activities of money lenders who charge anything from 6% to 20% per month on the money they lend. Most money lenders don’t have any license yet they operate with impunity. As a result of their activities many attempt suicide. Most of these cases are not reported since dependents are ashamed and also afraid of police harassment.

Policemen take little notice of the illegal activities of money lenders.